Tag: money

Fake bank steals $32million

Vocabulary: fake (adj), state-owned (adj), to deposit (v), suspicious (adj), interest (money) (n), arrest (v). A fake bank was built in China and has stolen 200 million Yuan ($32million) from Chinese people. Photo: BBC The bank was built to look exactly like other state-owned banks and the people who ‘worked’ in this bank also wore the same uniforms. Around 200 people deposited money into this bank believing it to be the state bank. One businessman deposited $1.9million into the bank. He became suspicious when he didn’t receive interest on his money. He then asked the bank to return his money and when they said no, he went to the police. This is how it was discovered that the bank was not a real bank. Five people have been arrested by the police in relation to the fake bank. One of the women arrested is believed to have gone to Macau, a famous gambling centre, with the money that was deposited into the...

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Anglo-Saxon money found

Vocabulary: Anglo-Saxon (adj+n), coin (n), lead (n), bucket (n), metal detecting (n), spokesman (n). More than 5000 Anglo-Saxon coins have been discovered in a field in Aylesbury. Aylesbury is a small town in the south of England. The coins are from the 11th century and show the heads of King Ethelred the Unready and Canute.  The money was found in a lead bucket two foot (about 60cm) below the ground. The coins were found by a Metal Detecting Club called the “Weekend Wanderers Detecting Club”. A spokesman for the club said that this was “without a doubt the best” thing they have ever found. The coins have been taken to the British Museum for examination. Background Information: The Anglo-Saxons lived in Great Britain from the year 450 AD to 1066. They came from Germany and Denmark. King Ethelred the Unready, whose head is on the coins, was king between 1014-1016. King Canute, who is also on the coins, was king between 1016-1035. Read more about the Anglo-Saxons...

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